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THE FIRST NATIONAL BANK OF WILLIAMSON 401(K) PLAN 401k Plan overview

Plan NameTHE FIRST NATIONAL BANK OF WILLIAMSON 401(K) PLAN
Plan identification number 003

THE FIRST NATIONAL BANK OF WILLIAMSON 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

FIRST NATIONAL BANK OF WILLIAMSON has sponsored the creation of one or more 401k plans.

Company Name:FIRST NATIONAL BANK OF WILLIAMSON
Employer identification number (EIN):550785604
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE FIRST NATIONAL BANK OF WILLIAMSON 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-01-01TARA EVANS, FOR TAG RESOURCES2024-05-31
0032022-01-01TARA EVANS, FOR TAG RESOURCES2023-10-06
0032021-01-01KIMBERLY MAY2022-06-01
0032020-01-01KIMBERLY MAY2021-06-09
0032019-01-01KIMBERLY MAY2020-06-30
0032018-01-01KIMBERLY MAY2019-05-31
0032017-01-01KIMBERLY MAY2018-06-14
0032016-01-01KIMBERLY MAY2017-06-21
0032015-01-01KIMBERLY MAY2016-06-07
0032014-01-01KIMBERLY MAY2015-06-22
0032013-01-01KIMBERLY MAY2014-06-19
0032012-01-01KIMBERLY MAY2013-06-25
0032011-01-01KIMBERLY MAY2012-08-07
0032010-01-01KIMBERLY MAY2012-08-07

Plan Statistics for THE FIRST NATIONAL BANK OF WILLIAMSON 401(K) PLAN

401k plan membership statisitcs for THE FIRST NATIONAL BANK OF WILLIAMSON 401(K) PLAN

Measure Date Value
2025: THE FIRST NATIONAL BANK OF WILLIAMSON 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-04-2533
Total number of particpants at end of year2025-04-2535
Number of Participants With Account Balances2025-04-2532
2024: THE FIRST NATIONAL BANK OF WILLIAMSON 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-05-3131
Total number of particpants at end of year2024-05-3132
Number of Participants With Account Balances2024-05-3130
2022: THE FIRST NATIONAL BANK OF WILLIAMSON 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-06-0143
Total number of particpants at end of year2022-06-0135
Number of Participants With Account Balances2022-06-0135

Financial Data on THE FIRST NATIONAL BANK OF WILLIAMSON 401(K) PLAN

Measure Date Value
2025 : THE FIRST NATIONAL BANK OF WILLIAMSON 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-04-2529544
Net assets as of the end of the plan year2025-04-251579705
Total assets as of the beginning of the plan year2025-04-251334349
Value of plan covered by a fidelity bond2025-04-25500000
Participant contributions to plan in this plan year2025-04-2557346
Value of participant loans at end of plan year2025-04-258090
Other income to plan in this plan year2025-04-25148740
Plan net income in this plan year2025-04-25245356
Net assets as of the end of the plan year2025-04-251579705
Net assets as of the beginning of the plan year2025-04-251334349
Employer contributions to plan in this plan year2025-04-2568814
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-2519652
2024 : THE FIRST NATIONAL BANK OF WILLIAMSON 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-05-31427522
Net assets as of the end of the plan year2024-05-311334349
Total assets as of the beginning of the plan year2024-05-311464499
Value of plan covered by a fidelity bond2024-05-31500000
Participant contributions to plan in this plan year2024-05-3157246
Value of participant loans at end of plan year2024-05-3122161
Other income to plan in this plan year2024-05-31175214
Plan net income in this plan year2024-05-31-130150
Net assets as of the end of the plan year2024-05-311334349
Net assets as of the beginning of the plan year2024-05-311464499
Employer contributions to plan in this plan year2024-05-3164912
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-317705
2022 : THE FIRST NATIONAL BANK OF WILLIAMSON 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-0136193
Net assets as of the end of the plan year2022-06-011588716
Total assets as of the beginning of the plan year2022-06-011374770
Value of plan covered by a fidelity bond2022-06-01138000
Participant contributions to plan in this plan year2022-06-0150295
Value of participant loans at end of plan year2022-06-0156654
Other income to plan in this plan year2022-06-01131159
Plan net income in this plan year2022-06-01213946
Net assets as of the end of the plan year2022-06-011588716
Net assets as of the beginning of the plan year2022-06-011374770
Employer contributions to plan in this plan year2022-06-0168685
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-018075

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